Once you have your periodic reporting or monthly profit and loss and balance sheet in place, you have to make sense of these reports -

Where are you making money or losing it ?

What products or services are advantageous ?

Which customers are your most profitable ?

Which customers are missing from your turnover figures ?

Are your overheads right for the size of your enterprise and do they take account of anticipated growth ?

Can you reduce your fixed costs such as rent and business rate ?

Are there variable costs that can be saved to enhance your net profit ?

Can you cut storage space or reduce stock levels ?